Friday, June 1, 2012

GOLD UPDATES 01.06.2012 (NEAL 9999974733)

LONDON: Gold slid into negative territory on Thursday, hitting a session low at $1,533.99 an ounce as the metal was caught up in broad-based selling of commodities after reports pointing to stalling US economic growth weighed on equities and oil prices.


Spot gold was down 0.3 per cent at $1,556.70 an ounce at 1407 GMT, having earlier risen as high as $1,572.30 an ounce. The metal is on track for its worst May performance in 30 years, down more than 6 per cent.

NEAL BHAI =9999974733

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